The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to rise Friday, ahead of a meeting of the cartel on December 17, at which production cuts are expected to be discussed.

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped by 1.65 dollars Monday after the cartel deferred a decision on lowering production quotas at the weekend.